Stock Market & Financial Investment News

Toyota halts plans to build new plants for three years, Nikkei reportsToyota (TM) has halted plans to build new plants around the world for three years, starting in FY13, according to a Nikkei report. Reference Link

Toyota promises to stay profitable in Russia, Financial Times reportsToyota has vowed to stay profitable in Russia although the company expects a 28% drop in the car market in the country, reports the Financial Times. Toyota's president and CEO of Toyota in Europe Didier Leroy said, “Many carmakers now say there is no way — people will lose money in Russia. And we say no way — we will not lose money in Russia ." Reference Link

Toyota says union salary demands 'impossible,' Reuters reportsToyota said today that it would not be able to meet union demands for a $112 increase in monthly pay, according to Reuters. The statement came at the end of the first day of the company's talks with worker representatives, the news service stated. Reference Link

Car sales rose in Europe last month, NY Times saysEuropean car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link